SOLUTION: I have a word problem that I need help with. I must show my work.
1. In a certain area, the sale price of new single-family homes has increased 4.1% per year since 1992. If a h
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1. In a certain area, the sale price of new single-family homes has increased 4.1% per year since 1992. If a h
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Question 167592: I have a word problem that I need help with. I must show my work.
1. In a certain area, the sale price of new single-family homes has increased 4.1% per year since 1992. If a house was purchased in this area in 1992 for $75,000 and the growth continues, what will be sale price in 2006? Use y=a(1+r)^t and round to the nearest cent.
Thanks Answer by checkley77(12844) (Show Source):
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